Has the famous MooCowMoo, Dash Core Group advisor has pulled an exit scam with for now unknown amount of Dash investors’ funds? This is what is known for now and we are reading more in the Dash news below.
What now looks to have all the regular elements of an exit scam cam to surface yesterday when one Dash user named Erulian, posted a message on the Dash Forum.
Nonetheless, Erulian had taken some time. Users of MooCowMoo’s shared masternode service were emailed on 10th August of 2019. The users were notified that MooCowMoo, the Dash Core Group senior advisor and owner of a “Masternode Shares” service would be closing down and that all fund will be refunded:
“So, to address the stress, I’ll be shutting down shares and sending back all deposits to their origination addresses within a week or two as time permits.”
But, today is 2nd December and it looks like MooCowMoo got lost of the face of the Earth. Erulian verified the silence from MooCowMoo the Dash Core Group senior advisor and reached out to other potential victims. He asked, “who else has lost money?” and said, “I hope to get some discussion going about this, it’s getting late.”
Scombo, another user, joined the conversation. He verified that he did not hear a word from MooCowMoo from September this year. Scombo called out to several others in the network trying to uncover the true identity of MooCowMoo the senior advisor of Dash Core Group. He said:
“Also, might be worth involving the Dash core group as this reflects really badly on Dash, particularly as he was a prominent member of the team”
Sadly for Erulian and Scombo, the Dash Core Group did not provide assistance. After pleading them for help in their efforts to get in touch with MooCowMoo, because this issue is causing “a lot of stress,” users were pretty much told to solve it on their own. The response was simply:
“There is power in numbers”.
Power in the number of users’ funds that the Dash Core Group Senior Advisor managed to amass? Or power in the number of people falling victim to another seedy crypto exit scam? Who knows.
Dash Missing Funds Returned To Investors: Report
“Moo has finally been woken from his slumber, and is currently sending the money back to its rightful owners.”Another user stated on Reddit as well:
“Sweeeeet!!! This is the comeback of the year!! MooCow for president! :)”Even the original user on the Dash forum Erulian confirmed that the funds have been returned and he apologized for causing so much trouble to the investors:
‘’I’m sorry it turned into such a big drama, but also glad that I finally got my funds back. I’m sure some people in the community pulled some strings to make this happen. Thank you.’’Despite the words of thanks, Erulian failed to provide any concrete evidence of the returned funds. the Reddit post continues:
“Thank you to all the dedicated and anger-driven investigators and “exit scam”-yelling news outlets with irrational hate towards Dash who helped people get their money back!’’The users are happy that the justice is finally being served and the return of the missing funds could actually be the result of the investigative articles that we read across the media which could have made Moo do the right thing. At the end of the day, it could have been something else but either way, it is great to hear that the investors have had their funds returned. The overall situation seems to have been nothing more than a wanton of disregard for investors’ funds. In the closing remarks, the Dash Group CMO Fernando Gutierrez concluded:
‘’This doesn’t make things good again because it should not have taken so much for him to send back the funds, but it is certainly a much better outcome than him disappearing without paying.’’
Dash Mining Is Strong, Other Altcoins “Don’t Look Good” Says eToro
“Miners that work on proof-of-work networks, are compensated by fees in their cryptocurrency as they validate transactions. These proof-of-work networks have a finite coin supply. This means that they would need to generate enough usage to compensate miners fairly and maintain a good hash rate. Things don’t look too good for Litecoin, Bitcoin SV, and Bitcoin Cash at the moment…Network hash rates have been on a steady decline (or have stagnated) over the last year for the cryptocurrencies mentioned earlier. This is largely due to transaction counts, and declining miner profitability. Understandably miners aren’t interested in a network where they can’t make a good profit. Litecoin, BSV, and BCH have all shown decreased hash rates, or stagnated over the past year, according to data from BitInfoCharts.”All of the coins mentioned in the new eToro report are proof-of-work networks, where the block reward of new coins and fees that is generating is going to pay miners. However, the Dash mining is strong even with a significantly smaller portion of the block reward at 45%.All of this makes the cryptocurrency strong and puts its hash rate of particular note as miners are competing for a smaller portion of revenue than for other networks. As eToro summed up, Dash mining is strong and the growth of the active addresses and transactions may indicate that miners see the network and its user base growing fast enough to sustain the consistent hash rate growth in the long-term.The report featured in the Dash news summarized that "“In terms of profitability, Dash mining remains strong. The Dash hashrate is up to around 4.09 petahashes at the time of writing, up from 2.68 petahashes this time last year."
Dash Has A Bearish Short-Term Trading Bias: Analysis
Dash Data Shows Winter And Spring Are The Best Performing Seasons
“Over the past five years, Dash has experienced a semi-annual pattern of rising during the months of November through May and slowing down June through October. The best month for Dash has historically been May with a monthly average return of 112%. However, this is because only five to six observations exist in the sample for each month, including an outlier month in May of 2014 when the price of Dash moved up 600%. To put this into perspective, Dash saw a 173% increase in price in November of the 2017 bull run. The next best month has been February with a 41% monthly return on average.”Still, the Dash data also shows that there is a major opportunity to analyze market cycles at a more granular level by looking at the days. By that, we can also see that Fridays have the most significant Dash return so far, followed by Sundays. Tuesdays, on the other hand, are the worst performing days.Theories started emerging, too. The Dash data leads many analysts to believe that the market cycles have their roots. In that manner, some hypotheses have been made. One possibility is that since Dash has higher returns on weekends, it could be because of less supply and more demand on exchanges, which comes from people using Dash to conduct their weekend spending. Another hypothesis says that people buying and selling Dash have other weekday jobs and do not do much trading during the weekday.All in all, the Dash data is valuable and may indicate liquidity drops, dramatic price swings and large losses or gains. In general, the cryptocurrency has a relatively stable liquidity across the days of the week.At press time, DASH is trading at $54.76.
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